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Cable Update (GBPUSD)

  • #380,321
  • Jun 4, 2014 9:50am Jun 4, 2014 9:50am
Quoting OnlineAddict
{quote} I don't think there will be enough volume to do a HH today, everybody is waiting for tomorrow now, both BoE and ECB.

We came too far into the support and touched bottom so I think tomorrow we touch 16718 as we didn't pullback much off 167.... but in the short term I think we can get back too 16765..
  • #380,322
  • Jun 4, 2014 9:50am Jun 4, 2014 9:50am
Bulls look to be finished for today...will 40 break?
Everyone can see the chart, but only a few can actually read it.
  • #380,323
  • Jun 4, 2014 9:56am Jun 4, 2014 9:56am
Won't discount anything though as 4 hour cycle still up.. but short term want go south... but price is forming bullish signs despite cycle on hourly chart.. but I don't like it that we came and touched 41 off 70... 39 needs be broken for lower,, but 41 is touchinh the bottom and it shouldn;t of from where it was so that to me shows weakness...after all 1.6819 I am expecting to come back there to 1.6742 so don't want to see 1.6770 touching it now, so I am indecisive but my charts or one I value a lot finishes at 5am tomorrow so my daily will be green with indecision which makes me feel like tomorrow we could see us push up into daily wick then down too 1.6718 then finish the very green. Howeever, I have not discounted us making overnight 168.10 but as we went into the 40 support too much its doubtful, would still like us too see 65 today though
  • #380,324
  • Jun 4, 2014 9:58am Jun 4, 2014 9:58am
Quoting albchr
{quote} Yeah, with my ever changing and incalculable fractional spread, I need at least a 30/40 pip range to scalp in. This one's been close over the last 3.5 hours at 28ish but not quite enough for me. I banked 140+ this morning. I can wait until she actually moves. So, you keep your well deserved pic brother. Quite honestly... it scares the hell out of me!
o well done thats good i might give you the pic i will think on lol
  • #380,325
  • Jun 4, 2014 10:01am Jun 4, 2014 10:01am
I'll be surprised if we see either 40 or 76 at this point. She be winding down from not much wind up to begin with.
Ghost Rider - WWTBMD?
  • #380,326
  • Jun 4, 2014 10:03am Jun 4, 2014 10:03am
Quoting elbert3
{quote} o well done thats good i might give you the pic i will think on lol
Naaaa...brother. That wasn't scalping so I don't deserve the picture. Results of a combo but mostly longer holds.

http://www.forexfactory.com/showthre...04#post7511404
Ghost Rider - WWTBMD?
  • #380,327
  • Jun 4, 2014 10:09am Jun 4, 2014 10:09am
GU 1H

Apparently its down time now... Sideways
Attached Image

I think Cable hates me

Attached Image
  • #380,328
  • Jun 4, 2014 10:12am Jun 4, 2014 10:12am
Quoting albchr
I'll be surprised if we see either 40 or 76 at this point. She be winding down from not much wind up to begin with.
We are too close to 40...bears might try one more time.
Everyone can see the chart, but only a few can actually read it.
  • #380,329
  • Jun 4, 2014 10:13am Jun 4, 2014 10:13am
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 93 KB
it wants to wait for the 100 because it is easy to break it when they are all together , then what ever candle is on top because we are in a 4 hour down trend ,if it is red then short,, lets see if it works out,, if it does you wont have to pay fro the lesson, because i will have the money..lol sorry i am not even on the wine yet
  • #380,330
  • Jun 4, 2014 10:17am Jun 4, 2014 10:17am
Quoting elbert3
{image} it wants to wait for the 100 because it is easy to break it when they are all together , then what ever candle is on top because we are in a 4 hour down trend ,if it is red then short,, lets see if it works out,, if it does you wont have to pay fro the lesson, because i will have the money..lol sorry i am not even on the wine yet
.
Attached Image
  • #380,331
  • Jun 4, 2014 10:17am Jun 4, 2014 10:17am
Quoting JimmyC
GU 1H Apparently its down time now... Sideways {image} I think Cable hates me {image}
lol ... Don't feel picked on bro. Cable hates everyone all the same.
Ghost Rider - WWTBMD?
  • #380,332
  • Jun 4, 2014 10:21am Jun 4, 2014 10:21am
Quoting OnlineAddict
{quote} We are too close to 40...bears might try one more time.
Maybe but, is 10 pips really worth the wait? Not for me. In fact it's too a nice a day to watch this anymore.

Right now my 1H 50ema sits at 42. If it gets there, I wonder if it will bounce?
Ghost Rider - WWTBMD?
  • #380,333
  • Jun 4, 2014 10:22am Jun 4, 2014 10:22am
Quoting JimmyC
{quote} .{image}
That reminds me.
Ghost Rider - WWTBMD?
  • #380,334
  • Jun 4, 2014 10:25am Jun 4, 2014 10:25am
Quoting albchr
{quote} Maybe but, is 10 pips really worth the wait? Not for me. In fact it's too a nice a day to watch this anymore. Right now my 1H 50ema sits at 42. If it gets there, I wonder if it will bounce?
I'm waiting for the close, if it closes around 40-45, I will leave this open until tomorrow...since volume is down, shouldn't be that risky to keep that short going.
Everyone can see the chart, but only a few can actually read it.
  • #380,335
  • Jun 4, 2014 10:34am Jun 4, 2014 10:34am
Quoting JimmyC
{quote} .{image}
lol later James ...
  • #380,336
  • Jun 4, 2014 10:37am Jun 4, 2014 10:37am
Attached Image (click to enlarge)
Click to Enlarge Name: 4H2.png Size: 98 KB
the break out from either end determines the direction , 50 is resistance and 10 is resistance to the down side , the difference is price has gone past the 1o and not the 50, 6767 was a nice number right on the nose ?? I am off for the wife now ,,gl all
  • #380,337
  • Jun 4, 2014 10:38am Jun 4, 2014 10:38am
Quoting OnlineAddict
{quote} I'm waiting for the close, if it closes around 40-45, I will leave this open until tomorrow...since volume is down, shouldn't be that risky to keep that short going.
http://www.smileyvault.com/albums/si...-signs-032.gif
Ghost Rider - WWTBMD?
  • #380,338
  • Jun 4, 2014 12:19pm Jun 4, 2014 12:19pm
Quoting albchr
{quote} {image}
http://www.easyfreesmileys.com/smile...mileys-981.gif
  • #380,339
  • Jun 4, 2014 12:28pm Jun 4, 2014 12:28pm
Thanks, I hope I will. I still want 6670 being hit, which would make my day tomorrow.

EDIT: Looks like euro wants to help me drag this down.
Everyone can see the chart, but only a few can actually read it.
  • #380,340
  • Jun 4, 2014 12:57pm Jun 4, 2014 12:57pm
Quoting elbert3
{image} it wants to wait for the 100 because it is easy to break it when they are all together , then what ever candle is on top because we are in a 4 hour down trend ,if it is red then short,, lets see if it works out,, if it does you wont have to pay fro the lesson, because i will have the money..lol sorry i am not even on the wine yet
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Click to Enlarge Name: 5.png Size: 88 KB
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